Articles | Volume 15, issue 4
Research article
09 Apr 2015
Research article |  | 09 Apr 2015

Comparison of storm damage functions and their performance

B. F. Prahl, D. Rybski, O. Burghoff, and J. P. Kropp


Interactive discussion

Status: closed
Status: closed
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Short summary
Winter storms are the most costly natural hazard for European residential property. Their costs can be assessed via damage functions relating storm intensity to loss. However, the heavy-tailed loss distribution and the high uncertainty pose difficulties for their application. We address these difficulties by comparing four empirical damage functions and providing model recommendations. In a broader context, we discuss the shape of the damage functions in the light of theoretical considerations.
Final-revised paper